Home Loans Australia

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Great News for First Time Home Buyers!

Positive credit reporting allows borrowers to benefit from history of paying bills on time.

Aussie home buyers could be in luck when changes to national credit reporting requirements kick in. According to a new study by credit reporting agency Experian, two-thirds of Australians are in the dark about how positive data sharing could affect them.

Credit providers and lenders currently only share negative information about individual’s history, such as whether or not they have defaulted on payments. However, the positive data will soon be shared as well, providing potential lenders with a full picture of someone’s credit history.

Here’s How You Do It:

Step 1: Select your type of property below.
Step 2: After answering a few questions, you will have the opportunity to compare quotes in your area and could be eligible for significant savings.

This is great news for first home buyers, because this additional data may bolster their mortgage applications. In fact, all Australians with a strong credit history may be in a better position to take advantage of competitive offers and low interest rates.

If you’re thinking about buying a home for the first time or looking to save money on an existing mortgage, start by comparing offers at HomeLoansAustralia.com. The system will scan offers from over 27 lenders to provide you with a free quote, saving you time and money.

More importantly, you’ll have access to a mortgage broker either over the phone or in person, so you can get expert advice that is tailored to your situation. Your broker will work on your behalf to find the best rates for your home loan so you can make an informed decision. It’s all free and Home Loans Australia will simplify the paperwork to make it as easy as possible.

You don’t have to know your credit score, either. It’s enough to know that lenders will be able to see a wider range of your credit history, such as whether you’ve been paying your phone bill on time. This extra knowledge can make it more likely that you’ll be approved for financing at a great rate.

While it’s true that interest rates have started to rise from their historic lows, comparing home loans can help you find a great deal that you can feel good about. Buying a home for the first time should be a great experience, especially when you’re dealing with friendly, knowledgeable people.

Get started today with a free mortgage snapshot fromHome Loans Australia to see how strong your borrowing power is. It could be the first step towards owning your dream home and saving money at the same time.

Get Started Now:

Step 1: Select your state below.
Step 2: After answering a few questions, you will have the opportunity to compare quotes in your area and could be eligible for significant savings.

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